Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $90.76, for a total transaction of $272,280.00. Following the completion of the transaction, the executive vice president now directly owns 16,874 shares in the company, valued at approximately $1,531,484.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

David Knight also recently made the following trade(s):

  • On Tuesday, July 11th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $84.54, for a total transaction of $253,620.00.
  • On Wednesday, June 7th, David Knight sold 3,000 shares of Proofpoint stock. The stock was sold at an average price of $92.45, for a total transaction of $277,350.00.

Proofpoint, Inc. (NASDAQ:PFPT) opened at 90.35 on Friday. The stock’s market capitalization is $4.01 billion. Proofpoint, Inc. has a 12-month low of $68.04 and a 12-month high of $94.33. The company has a 50 day moving average of $88.27 and a 200-day moving average of $83.10.

Proofpoint (NASDAQ:PFPT) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.05. Proofpoint had a negative return on equity of 140.24% and a negative net margin of 20.96%. The company had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. On average, equities research analysts forecast that Proofpoint, Inc. will post $0.65 earnings per share for the current year.

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A number of equities research analysts have commented on PFPT shares. Northland Securities restated a “buy” rating and set a $100.00 target price on shares of Proofpoint in a research note on Friday, June 30th. Stifel Nicolaus restated a “buy” rating on shares of Proofpoint in a research note on Friday, June 23rd. Evercore ISI set a $105.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research note on Friday, July 28th. Needham & Company LLC started coverage on shares of Proofpoint in a research note on Friday, July 21st. They set a “buy” rating and a $115.00 target price on the stock. Finally, Piper Jaffray Companies set a $100.00 target price on shares of Proofpoint and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $93.43.

Several institutional investors have recently added to or reduced their stakes in PFPT. BlackRock Inc. boosted its position in Proofpoint by 9.7% in the second quarter. BlackRock Inc. now owns 3,503,427 shares of the software maker’s stock worth $304,204,000 after buying an additional 309,998 shares during the period. Vanguard Group Inc. boosted its position in Proofpoint by 2.3% in the second quarter. Vanguard Group Inc. now owns 3,392,578 shares of the software maker’s stock worth $294,577,000 after buying an additional 77,721 shares during the period. Artisan Partners Limited Partnership raised its position in Proofpoint by 20.4% in the second quarter. Artisan Partners Limited Partnership now owns 2,786,122 shares of the software maker’s stock valued at $241,919,000 after buying an additional 472,407 shares during the last quarter. FMR LLC raised its position in Proofpoint by 10.9% in the second quarter. FMR LLC now owns 961,745 shares of the software maker’s stock valued at $83,508,000 after buying an additional 94,545 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Proofpoint by 13.0% in the second quarter. Macquarie Group Ltd. now owns 942,966 shares of the software maker’s stock valued at $81,878,000 after buying an additional 108,772 shares during the last quarter.

Proofpoint Company Profile

Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.

Insider Buying and Selling by Quarter for Proofpoint (NASDAQ:PFPT)

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